Page 3 - Powergrid
PowerGrid hits record high, gains 4%; stock has rallied 18% in last 3 weeks
PowerGrid has a robust project pipeline worth Rs 27,500 crore and has capitalised around Rs 22,932 crore in the last four quarters, which provides earnings visibility for 2-3 years
 "PowerGrid hits record high, gains 4%; stock has rallied 18% in last 3 weeks")
Set to zoom: Maruti, Tech M among 5 Nifty stocks that can gain up to 14%
The sharp fall in the market has seen these stocks slip into oversold zone. Charts hint at a sharp rally in all these from the current levels, provided the overall market sentiment stays positive
 "Set to zoom: Maruti, Tech M among 5 Nifty stocks that can gain up to 14%")
Three large-cap stock ideas by Ajit Mishra of Religare Broking
We're seeing noticeable traction in the auto space and Hero Moto is also finally resuming the uptrend, Mishra said
 "Three large-cap stock ideas by Ajit Mishra of Religare Broking")
Power stocks charged up on rising economic activity and demand
Despite hurdles faced by sector, Street appears bullish
 "Power stocks charged up on rising economic activity and demand")
BSE Power index surges to a 10-year high, up nearly 4% on demand pick-up
Tata Power has surged 10 per cent and trading near its record high; Torrent Power, Power Grid and Indian Energy Excahgne (IEX) from the BSE Power index were all trading at respective all-time highs
 "BSE Power index surges to a 10-year high, up nearly 4% on demand pick-up")
Osho Krishan of Anand Rathi is bullish on HUL, PowerGrid; here's why
PowerGrid has witnessed a breakout and is placed at its lifetime high zone, indicating inherent strength in the counter
 "Osho Krishan of Anand Rathi is bullish on HUL, PowerGrid; here's why")
Power Grid Corporation raises Rs 2,736 crore through InvIT OFS
State-run Power Grid Corporation of India Ltd said it has received Rs 2,736.02 crore through sale of 27.41 crore units in the PowerGrid Infrastructure Investment Trust (PGInvIT) offer for sale
 "Power Grid Corporation raises Rs 2,736 crore through InvIT OFS")
PowerGrid InvIT ends with 3 pc premium against Rs 100 issue price
PowerGrid Infrastructure Investment Trust closed the trade with a premium of 3 per cent on Friday against its issue price of Rs 100.
PowerGrid InvIT lists with 4% premium over issue price of Rs 100
The stock made its debut at Rs 104, registering a gain of 4 per cent on the BSE. It further jumped 4.97 per cent to Rs 104.97 as the trade progressed
 "PowerGrid InvIT lists with 4% premium over issue price of Rs 100")
Dollar forward rates normalise after carry traders unwind positions
Decline in premium to help importers hedge near-term exposures
 "Dollar forward rates normalise after carry traders unwind positions")
PowerGrid Infrastructure Investment Trust IPO subscribed 4.83 times
Institutional and non-institutional portions were subscribed 4.6x and 5.1x
 "PowerGrid Infrastructure Investment Trust IPO subscribed 4.83 times")
PowerGrid InvIT garners Rs 3,480 cr from anchor investors ahead of IPO
PowerGrid Infrastructure Investment Trust on Wednesday raised a little over Rs 3,480 crore from anchor investors ahead of its initial public offer, which opens for subscription on Thursday
 "PowerGrid InvIT garners Rs 3,480 cr from anchor investors ahead of IPO")
Monetisation route is value-accretive, says PGCIL Chairman & MD K Sreekant
Power Grid Chairman & MD K Sreekant tells Shreya Jai and Jyoti Mukul that transmission assets are better placed than road and real estate InvITs
 "Monetisation route is value-accretive, says PGCIL Chairman & MD K Sreekant")
PGCIL to acquire 74% stake of JPVL in Jaypee POWERGRID for Rs 351 cr
State-run Power Grid Corporation (PGCIL) said it has signed a share purchase agreement with Jaiprakash Power Ventures to acquire 74 per cent stake in Jaypee POWERGRID Ltd (JPL) for Rs 351.64 crore.
 "PGCIL to acquire 74% stake of JPVL in Jaypee POWERGRID for Rs 351 cr")
PowerGrid files draft papers for InVIT; plans to raise over Rs 5,000 cr
Power Grid Corporation of India has filed draft papers with Sebi for floating an Infrastructure Investment Trust (InVIT)
 "PowerGrid files draft papers for InVIT; plans to raise over Rs 5,000 cr")
Auto, PSU stocks to outperform in the short-term: Vinay Rajani of HDFC Sec
Immediate resistance for the Nifty is seen at 14,890
 "Auto, PSU stocks to outperform in the short-term: Vinay Rajani of HDFC Sec")
Will withdraw 96% of Rs 4 trn AGR-related dues against PSUs: Centre to SC
The bench asked the telecom companies to file their financial statements before it and fixed the matter for hearing in third week of July
 "Will withdraw 96% of Rs 4 trn AGR-related dues against PSUs: Centre to SC")
Credit profile of Indian power utilities likely to remain steady: Fitch
This is despite cash collection delays amid Covid-19 pandemic, as favourable regulatory frameworks ensure stable operating profits, rating agency says
 "Credit profile of Indian power utilities likely to remain steady: Fitch")
Power Ministry flags concerns over divesting govt stake in NTPC, PowerGrid
Presently, the govt owns 54.14% in NTPC, 54.96% in PowerGrid and 55.99% in PFC.
 "Power Ministry flags concerns over divesting govt stake in NTPC, PowerGrid")
AGR: No demand yet on GAIL, PowerGrid; Airtel, Voda Idea mull curative plea
An assessment put GAIL liability at Rs 1.72 trillion and that of PowerGrid at Rs 21,000 crore
 "AGR: No demand yet on GAIL, PowerGrid; Airtel, Voda Idea mull curative plea")
